Life Insurance Corporation of India (LIC) continues to introduce attractive savings and insurance plans. Among them, the LIC Aadhar Shila Scheme is gaining massive popularity, especially among women, for its low investment and high returns.
This scheme is specially designed for women investors, offering financial security and peace of mind. By saving just a small amount every day, women can build a substantial corpus over time, and also ensure that their family is protected in case of any unfortunate incident.
📌 Exclusively for Women: This plan is available only to female policyholders, including young girls aged 8 and above.
📌 Entry Age: Can be started from 8 years up to 55 years of age.
📌 Policy Term: You can choose between a 10-year or a 20-year plan.
📌 Sum Assured: The basic coverage ranges from ₹2 lakh to ₹5 lakh.
📌 Loan Facility: After 3 years of premium payment, you're eligible for a loan against your policy, which can be helpful during emergencies.
📌 Flexible Premiums: Payments can be made daily, monthly, or quarterly, depending on what suits you best.
Let's break it down with a real-world example:
👩 Suppose a 21-year-old woman invests in the Aadhar Shila Plan for 20 years.
💸 She pays an annual premium of ₹18,976, which comes to just around ₹50 per day.
⏳ Over 20 years, she contributes a total of ₹3.8 lakh.
🏦 At maturity, she receives ₹6.62 lakh, which includes:
₹5 lakh as the Basic Sum Assured
₹1.62 lakh as Loyalty Additions
That's a return of nearly double the investment over two decades-ideal for long-term financial planning.
The premium amount and benefits vary based on age at entry and sum assured chosen. For instance, if an 8-year-old girl opts for the same plan, the annual premium will be lower. So, it's always advisable to consult your nearest LIC branch for an accurate calculation and plan recommendation.
Also, if the policyholder prefers, the maturity amount can be taken in yearly installments rather than a lump sum-making it easier to manage finances.
The LIC Aadhar Shila Scheme is a smart choice for women looking to secure their future with minimal daily investment. It not only provides a guaranteed return but also supports the family with financial assistance in case of unfortunate events.
If you're planning to build wealth slowly but steadily while staying insured-this plan is worth considering.